Not that specific one, but I've used evaporative coolers before. They do reduce the temperature of the water, but on a hot day it's never chilly, just tepid. You do lose some water through the evaporation process, so you'll run out a little earlier. They generally aren't heavy, but they are bulky.

If you use a camelpack or such and don't drink from it because the water is warm, then it's probably not a bad thing to get. If already warm water doesn't bother you, or use carry it in a bottle or canteen, it would be pointless.

Those are made for operators going into desert combat situations carrying 6-10 liters of water to be self contained for a week.

On a bike, you're carrying less, 1-3 liters max.

You're also most likely not going to carry on you enough water to last a few days since you probably need to get fuel or food. When you do that refill your camelbak with cold water.

An insulated camelbak pouch plus an insulated hose will work very well.

If you want the water to remain cooler this is what I have done.

I used a waterbottle-hose adapter. Lots of companies make them. Camelbak, MSR, Nalgene. It basically replaces the cap on your nalgene\camelbak bottle to one that has a straw.

But I used it on a hydroflask, which is one of the best insulated bottles out there, keeps water COLD for 18hrs and HOT for 12 (coffee).

Keep the bottle on the bike instead of on you, you don't want to land on a 4" x 12" aluminum bottle. Then use a retractable keychain thingy for the end of the hose. Grab it when you want to drink, let go and the retractable thingy will put the end back to somewhere easily reachable.

Did it that way for years doing Iron Butt runs and riding in the desert states.

My camelbak is always full and in a freezer when not in use. I can sip on cold water this way all day. Sometimes I'll freeze plastic water bottles and it keeps thing cool and give me cold water to drink as it thaws.